Institutional Investor (July 18)
“The cyclically adjusted price-to-earnings ratio for emerging market equities is 15x, compared to 27x for those in developed markets and 34x for those in the U.S.” At just above 10x, “China is trading at a significant discount,” but investors can also easily “steer clear of China.” Other emerging market opportunities “worth considering” include Korea, Brazil, Malaysia, Hungary, Thailand, Mexico, and much of Latin America where P/E ratios range from 10x to 25x.
Tags: Brazil, China, Cyclically adjusted, Developed markets, Discount, Emerging markets, Equities, Hungary, Investors, Korea, Malaysia, Mexico, P/E ratio, Thailand
Washington Post (September 27)
“In the case of Ukraine, the president is accused of using the awesome power of the United States…to serve his personal political gain. Sadly, this is part of a pattern of violations of democratic norms.” While “Trump is a particularly egregious example” he fits a “global trend” of misbehavior that extends to British Prime Minister Boris Johnson, Indian Prime Minister Narendra Modi, Philippine President Rodrigo Duterte, Turkey’s Recep Tayyip Erdogan and Hungary’s Viktor Orban.
Tags: Democratic, Duterte, Egregious, Erdogan, Hungary, India, Johnson, Misbehavior, Modi, Norms, Orbán, Philippines, PM, Political gain, Power, Trump, Turkey, U.S., UK, Ukraine, Violations
EU Politico (May 27)
“Phew. Turns out the bark of Europe’s far right is worse than its bite. Yes, illiberal parties did well in France and Italy, Poland, Hungary and beyond. But overall no better than expected, and in some cases worse so…. That’s good news for Europe’s democratic parties and even better news for the European Union.”
Tags: Democratic parties, EU, Europe, Expected, France, Hungary, Illiberal parties, Italy, Poland
Reuters (July 5)
“Investors watching the trade tit-for-tat between the United States and China may well have reason to fear the havoc a full blown conflict between the world’s two biggest economies could wreak on the global economy.” Furthermore, the collateral damage could be worse than that done to the principals. Due to global supply chains, countries like Taiwan, Hungary, the Czech Republic, South Korea, and Singapore could be equally if not more vulnerable” to fall out from the spat between the U.S. and China.
Tags: China, Collateral damage, Conflict, Czech Republic, Global economy, Hungary, Investors, Singapore, South Korea, Supply chains, Taiwan, Tit-for-tat, Trade, U.S., Vulnerable
The Independent (October 7)
One of the largest environmental disasters to strike Europe in recent decades now threatens the scenic Danube River. 35 million cubic feet of toxic sludge poured into tributaries of the Danube from an alumina plant in Hungary. Officials are racing to halt the contamination before it reaches the Danube. It is too early to tell whether they will succeed in stopping the flow of the red muddy industrial waste, which contains heavy metals such as arsenic and mercury.
Tags: Danube, Eco disaster, Europe, Hungary
